Post Utme Pan Atlantic University 2017 Commerce Question 3
Practice objective / multiple choice question 3 from the 2017 Post Utme Pan Atlantic University Commerce examination.
A bank offers a loan of ₦1,000,000 at an interest rate of 12% per annum compounded annually. If the loan is repaid after 5 years, what is the total amount paid by the borrower?
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About This Question
This is Post Utme Pan Atlantic University 2017 Commerce Question 3. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Commerce examination.
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